Key Takeaways
Ondo Finance tokenized Blackrock’s IVV ETF and Micron shares in a U.S. regulatory first on July 2.Broadridge will run proxy voting for Ondo’s tokens by way of its Proxyvote.com platform.Ondo’s International Markets platform already tokenizes over $1 billion throughout 430+ shares and ETFs overseas.
Ondo introduced the launch on Thursday, working with Broadridge Monetary Options to deal with proxy voting and shareholder communications for token holders. Broadridge trades on the NYSE below the ticker BR.
The construction follows a mannequin that the U.S. Securities and Alternate Fee (SEC) outlined in a January 2026 assertion on tokenized securities. Beneath that mannequin, a 3rd celebration holds the underlying shares in conventional custody whereas issuing crypto tokens that signify a holder’s declare on these shares.
How the Tokens Work
Ondo’s registered switch agent, Oasis Professional TA, mints tokens backed one-to-one by the underlying shares. These shares keep contained in the common U.S. custody chain. The tokens themselves sit on the Ethereum blockchain, held by regulated custodians.
Token holders get the identical rights as traders holding shares by way of a typical brokerage account. That features issuer communications and onchain proxy voting, run by way of Broadridge’s Proxyvote.com platform. A taking part broker-dealer, switch agent, and custodian implement switch restrictions to maintain the setup compliant with present guidelines.
What Ondo and Broadridge Mentioned
Ondo Finance CEO Ian De Bode framed the launch as proof that a number of tokenization fashions can function inside U.S. regulation directly. He mentioned the corporate constructed the infrastructure to assist a number of approaches relatively than choosing one.
The Ondo Finance CEO remarked:
“Tokenized Securities within the U.S. are too usually framed as a binary alternative between competing fashions and tokenization suppliers. It is a false premise. Ondo has constructed the regulatory, product, and repair infrastructure to assist all main fashions inside the USA. At the moment’s milestone reveals we are able to tokenize securities in ways in which meet each market and regulatory necessities, for U.S. and international traders and gives a powerful basis for our increasing entry to onchain investments for extra U.S. traders.”
Doug DeSchutter, president of Broadridge’s Investor Communication Options enterprise, mentioned tokenization solely scales as soon as it pairs innovation with investor confidence. He pointed to proxy voting and regulatory disclosures because the items that give token holders the identical standing as conventional shareholders.
Why This Differs From Earlier Tokenization Efforts
Most tokenized securities thus far have operated outdoors the U.S. or required issuer-by-issuer sponsorship. This launch retains the underlying shares inside the identical custody infrastructure that already providers U.S. securities markets. That distinction issues for traders who need blockchain-based publicity with out stepping outdoors SEC oversight.
Ondo’s International Markets platform already helps greater than $1 billion in tokenized securities throughout greater than 430 shares and ETFs outdoors the U.S. The Blackrock IVV ETF and Micron tokens mark the corporate’s first push into the home market below this custodial method.
Broadridge, for its half, mentioned it now helps each main tokenized securities mannequin: issuer-listed tokens, artificial tokens issued overseas, and now third-party custodial tokens contained in the U.S.
For traders watching the tokenization area, the launch alerts that voting rights and disclosure entry, lengthy cited as gaps in tokenized fairness merchandise, now have a working resolution tied on to present U.S. market infrastructure.
